SEC NEWS DIGESTMichael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent...

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SEC NEWS DIGEST Issue 97-55 March 21, 1997 COMMISSION ANNOUNCEMENTS EDGAR SERVICE TEMPORARILY DISRUPTED Due to a power failure, the SEC's EDGAR Computer system located in Alexandria, Virginia has experienced a major system failure which precludes it from being able to receive, process or disseminate electronic filings. Until further notice, all filings must be submitted electronically to the SEC's EDGAR back-up system located at SEC Headquarters in Washington, D. C. The phone number for submitting an electronic filing to the back-up system is (202) 639- 9800. Public access to filings will be delayed approximately 90 minutes following receipt and acceptance processing. It will be possible to access both new and historical filings through any EDGAR commercial information service. (Press ReI. 97-19) ENFORCEMENT PROCEEDINGS SANCTIONS IMPOSED ON FORMER ASSOCIATED PERSONS OF THE STUART-JAMES CO., INC. On March 19, the Commission issued its opinion in this matter. The Commission held that C. James Padgett and Stuart Graff, former principals of The Stuart-James Co., Inc., a former registered broker-dealer (firm), were responsible for fraudulent markups in the sale of securities, distributed fraudulent sales scripts used by the firm's sales agents, and failed to supervise in connection with violations of the antifraud provisions of the securities laws by former branch managers of the firm. The Commission determined that it is in the public interest to bar them from association with any broker or dealer. In addition, the Commission found that Robert Gibbs, Shaw Sullivan, John Sutton, and John Beaird, former branch managers of the firm, instituted fraudulent policies and practices of "no net selling" and "tie-ins." The Commission found it to be in the public interest to bar the four former branch managers, provided that, after a period of two years, they may apply to become

Transcript of SEC NEWS DIGESTMichael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent...

Page 1: SEC NEWS DIGESTMichael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent judgment against Markowski permanently enjoining him from future violations of Section

SEC NEWS DIGESTIssue 97-55 March 21, 1997

COMMISSION ANNOUNCEMENTS

EDGAR SERVICE TEMPORARILY DISRUPTED

Due to a power failure, the SEC's EDGAR Computer system located in Alexandria, Virginia has experienced a major system failure which precludes it from being able to receive, process or disseminate electronic filings. Until further notice, all filings must be submitted electronically to the SEC's EDGAR back-up system located at SEC Headquarters in Washington, D. C. The phone number for submitting an electronic filing to the back-up system is (202) 639-9800.

Public access to filings will be delayed approximately 90 minutes following receipt and acceptance processing. It will be possible to access both new and historical filings through any EDGAR commercial information service. (Press ReI. 97-19)

ENFORCEMENT PROCEEDINGS

SANCTIONS IMPOSED ON FORMER ASSOCIATED PERSONS OF THE STUART-JAMES CO.,INC.

On March 19, the Commission issued its opinion in this matter. The Commission held that C. James Padgett and Stuart Graff, former principals of The Stuart-James Co., Inc., a former registeredbroker-dealer (firm), were responsible for fraudulent markups in the sale of securities, distributed fraudulent sales scripts used by the firm's sales agents, and failed to supervise in connection with violations of the antifraud provisions of the securities laws byformer branch managers of the firm. The Commission determined that it is in the public interest to bar them from association with anybroker or dealer. In addition, the Commission found that Robert Gibbs, Shaw Sullivan, John Sutton, and John Beaird, former branch managers of the firm, instituted fraudulent policies and practicesof "no net selling" and "tie-ins." The Commission found it to be in the public interest to bar the four former branch managers, providedthat, after a period of two years, they may apply to become

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associated in a non-supervisory, non-proprietary capacity. Finally,the Commission determined that Dirk Nye, a former regional vice president with the firm, failed to supervise in connection with violations of the antifraud provisions of the securities laws byformer branch managers of the firm. The Commission held that it is in the public interest to bar Nye, provided that, after a period of four years, he may apply to become associated in a non-supervisory,non-proprietary capacity. (ReI. 34-38423)

COMMISSION INSTITUTES PROCEEDINGS AGAINST MICHAEL MARKOWSKI

On March 20, the Commission issued an Order Instituting A Public Administrative Proceeding Pursuant To Section 15(b} Of The Securities Exchange Act Of 1934 And Notice of Hearing (Order)against Michael J. Markowski {Markowski} of Miami, Florida.

The Order alleges that during the period from May, 1989 throughMarch I, 1991, Markowski was the president and chief executive officer of Global America, Inc. (Global), a defunct broker-dealer. The Order also alleges that on February 9, 1996, the United States District Court for the Southern District of New York in SEC v. Michael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent judgment against Markowski permanently enjoining him from future violations of Section 17(a} of the Securities Act of 1933, and Section 10(b} of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b-6 in connection with a scheme to manipulate the securities of Capucino's, Inc., Mountaintop Corp., and Auto Depot,Inc.

The Order further alleges that Markowski was sanctioned by the National Association of Securities Dealers in 1996 and in 1991 for manipulating those and other securities, and for other violations of the NASD's Rules of Fair Practice arising out of his employment with Global.

A hearing will be scheduled to determine what, if any, remedial sanction is appropriate in the public interest against Markowski. (ReI. 34-38424)

JOSEPH RICCIO BARRED FROM ASSOCIATION WITH ANY BROKER, DEALER, INVESTMENT ADVISER, INVESTMENT COMPANY OR MUNICIPAL SECURITIES DEALER

On March 20, the Commission issued an Order Instituting A Public Administrative Proceeding pursuant to Section 15(b} of the Securities Exchange Act of 1934 (Exchange Act), Making Findings and Imposing Remedial Sanctions (Order) against Joseph Riccio (Riccio)of Palm Harbor, Florida.

In the Order, the Commission found that from May 1989 through March 1, 1991, Riccio was associated as head trader with Global America,Inc. (Global), a broker-dealer that was then registered with the Commission. On February 9, 1996, the United States District Court for the Southern District of New York in SEC v. Michael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent

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judgment against Riccio permanently enjoining him from future violations of Section 17 (a) of the Securities Act of 1933, and Section 10 (b) of the .Exchange Act and Rules 10b-5 and 10b-6 in connection with a scheme to manipulate the securities of Capucino's, Inc., Mountaintop Corp., and Auto Depot, Inc.

Consistent with Riccio's offer of settlement, the Order bars him from association with any broker, dealer, investment adviser,investment company or municipal securities dealer. Riccio, without admitting or denying the findings, except as to the jurisdiction of the Commission over him and over the subject matter of the administrative proceeding, and the entry of the injunction, which he admits, consented to the Order. (Rel. 34-38425)

INSIDER TRADING ACTION FILED AGAINST SUSAN HIRSCH, GREGORY HIRSCH, DANNY KAMINSKY, LEWIS KOODEN, DANIEL KLUGMAN AND MICHAEL KOODEN

The Commission announced today that it filed an action in the U.S. District Court for the Southern District of Georgia (SavannahDivision) alleging that Susan L. Hirsch, Gregory M. Hirsch, Danny B. Kaminsky, Lewis A. Kooden, Daniel H. Klugman and Michael D. Kooden engaged in insider trading in advance of the July 1995 announcement that Sandoz, Ltd. was making a cash tender offer for the securities of Genetic Therapy, Inc. (GTI).

In the action, the Commission alleged that Susan L. Hirsch, a former senior account representative of Ruder-Finn, Inc., a New York-based public relations firm, obtained confidential information about Sandoz's confidential bid for GTI during the course of her employment at Ruder-Finn in advance of the Sandoz/GTI tender offer announcement, and improperly passed that information to her brother Gregory M. Hirsch. The complaint alleges that Gregory Hirsch tipped, and purchased GTI common stock and call options jointlywith, a friend in Savannah, Danny B. Kaminsky, in advance of the announcement for profits of $251,190.

The complaint also alleges that Gregory Hirsch and Danny Kaminsky tipped others, including Lewis A. Kooden, Daniel H. Klugman and Michael D. Kooden, all of Savannah, who purchased GTI common stock and call options for illegal profits of $43,795, $28,107 and $14,666, respectively. In addition, the complaint alleges that Michael Kooden caused others to trade profitably in GTI securities. [SEC v. Susan L. Hirsch et al., Civil Action No. CV 497-060, WM,S.D. Ga., March 20, 1997] i [SEC v. Susan S. Smirnoff, et al., Civil Action No. 97-1944, DC, SDNY, March 20] (LR-15302)

CORRECTION CONCERNING PERMANENT INJUNCTION AGAINST PAMELA TOPPER

The Digest for March 20 included an incorrect date (June 13, 1996) in the second sentence of the second paragraph of the summary for [SEC v. Gregg Michael Brenner and Pamela Sue Topper, Civil Action No. 1:97-CV-0607-GET, ND GA] i LR-15301. The sentence should have read as follows: The complaint alleged that on June 13, 1995,Topper, as General Counsel of Medaphis Corporation (Medaphis), an Atlanta-based medical services company, was in possession of

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material non-public information regarding search warrants that were executed by the Federal Bureau of Investigation (FBI) on two Medaphis offices in California.

INVESTMENT COMPANY ACT RELEASES

RANDGOLD AND EXPLORATION COMPANY LIMITED, INC.

An order has been issued on an application filed by Randgold and Exploration Company Limited, Inc. under Section 2{a) (9) of the Investment Company Act declaring that applicant controls certain companies, notwithstanding that it owns less than 25% of the votingsecurities of these companies, and under Section 3(b) (2) declaring that applicant is primarily engaged in a business other than that of investing, reinvesting, owning, holding, or trading in securities. (Rel. IC-22572; IS-1067 - March 19)

HVA MONEY MARKET FUND, INC., ET AL.

An order has been issued on an application filed by HVA MoneyMarket Fund, Inc. (HVA Fund) and Hartford U.S. Government MoneyMarket Fund, Inc. (U.S. Government Fund) under Section 17(b) of the Investment Company Act for an exemption from Section 17(a)of the Act. The order permits the HVA Fund to acquiresubstantially all of the assets of the U.S. Government Fund. (Rel. IC-22573 - March 19)

SELF-REGULATORY ORGANIZATIONS

PROPOSED RULE CHANGE

The National Association of Securities Dealers f,iled a proposed rule change (SR-NASD-97-17) to increase the monthly fee charged for Nasdaq Levell Service. On March 18, 1997, the NASD filed Amendment No.1 to the proposal. Publication of the notice is expected in the Federal Register during the week of March 24. (Rel. 34-38417)

APPROVAL OF PROPOSED RULE CHANGE

The Commission has granted approyal of a proposed rule change (SR-PSE-96-46), and Amendment No. 1 thereto, filed by the Pacific Stock Exchange to amend its rules to specify that the term "broker/dealer," as used in PSE Rules 6.52(a), 6.86 and 6.87,includes foreign broker/dealers. The rule change also adopts a definition of the term "foreign broker/dealer" for purposes of the PSE's rules. Publication of the notice is expected in the Federal Register during the week of March 24. (Rel. 34-38420; IS-1066)

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WITHDRAWAL GRANTED

An order has been issued granting the application of ChyronCorporation to withdraw from listing and registration its Common Stock, $.01 Par Value, on the Chicago Stock Exchange. (ReI. 34-38374}

SECURITIES ACT REGISTRATIONS

The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appearsas follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable) File number and date filed; AssignedBranch; and a designation if the statement is a New Issue.

F-6 CRESUD SACIF Y A /ADR/, 48 WALL ST, c/o BANK OF NEW YORK, NEW YORK, NY

10286 (212) 815-1727 - 25,000,000 ($1,250,000)

DEPOSITARY RECEIPTS FOR COMMON STOCK (FILE 333-6546 - MAR 03) (BR. 99

- NEW ISSUE)

F-3 CERAMIC INTERNATIONAL INC, PROL AVE PACHECO Y VIAS DEL FFCC CH-P,

CHIHAUHUA CHIH MEXIC, 05 (521) 429-1111 - 10,000,000 ($16,200,000)

WARRANTS, OPTIONS OR RIGHTS (FILE 333-6612 - MAR 12) (BR 6)

S-8 MDSI MOBILE DATA SOLUTIONS INC /CAN/, 135-10551 SHELLBRIDGE WAY,

RICHMOND BC, Al - 751,947 ($8,118,265) COMMON STOCK (FILE 333-6616 -

MAR 10) (BR 3)

S-l VISION SOLUTIONS INC, 2600 MICHELSON DRIVE, IRVINE, CA 92612

(714) 724-5455 - $31,740,000 COMMON STOCK (FILE 333-23285 - MAR. 14)

(BR 3 - NEW ISSUE)

S-l HEALTHCARE RECOVERIES INC, 1400 WATTERSON TOWER, LOUISVILLE, KY 40218

(502) 454-1340 - $167,641,250 COMMON STOCK. (FILE 333-23287 - MAR. 14)

(BR 1)

S-l REPTRON ELECTRONICS INC, 14401 MCCORMICK DR, TAMPA, FL 33626

(813) 854-2351 - 3,450,000 ($73,312,500) COMMON STOCK. (FILE 333-23289 -MAR. 14) (BR 6)

S-4 USX CORP, 600 GRANT ST, PITTSBURGH, PA 15219 (412) 433-1121 - 6,700,000

($297,312,500) PREFERRED STOCK. (FILE 333-23291 - MAR. 14) (BR. 6)

S-8 MERCK & CO INC, ONE MERCK DR, POBOX 100, WHITEHOUSE STATION, NJ 08889

(908) 423-4044 - 145,080 ($13,474,305) COMMON STOCK. (FILE 333-23293 -

MAR. 14) (BR. 1)

S-8 MERCK & CO INC, ONE MERCK DR, POBOX 100, WHITEHOUSE STATION, NJ 08889

(908) 423-4044 - 800,000 ($74,300,000) COMMON STOCK. (FILE 333-23295 -MAR 14) (BR 1)

S-8 SAVANNAH FOODS & INDUSTRIES INC, POBOX 339, SAVANNAH, GA 31402

(912) 234-1261 - 1,250,000 ($18,515,625) COMMON STOCK. (FILE 333-23297 -

MAR 14) (BR 2)

S-8 GUNDLE SLT ENVIRONMENTAL INC, 19103 GUNDLE RD, HOUSTON, TX 77073

(713) 443-8564 - 100,000 ($725,000) COMMON STOCK. (FILE 333-23299 -MAR. 14) (BR. 6)

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S-3 TOSCO CORP, 72 CUMMINGS POINT RD, STAMFORD, CT 06902 (203) 977-1000 -6,000,000 ($300,000,000) PREFERRED STOCK (FILE 333-23303 - MAR 14)(BR. 4)

S-4 FIRST COMMERCIAL CORP, 400 WEST CAPITOL AVE, LITTLE ROCK, AR 72201 (501) 371-7000 - 3,412,457 ($53,882,696 03) COMMON STOCK. (FILE 333-23305 - MAR 14) (BR. 7)

S-4 TRITON GROUP LTD, 550 WEST C STREET, STE 1880, SAN DEIGO, CA 92101 (619) 231-1818 - 2,923,371 ($4,645,557) COMMON STOCK. (FILE 333-23307 -MAR. 14) (BR. 2)

S-8 ALLSTATE CORP, 2775 SANDERS ROAD, NORTHBROOK, IL 60062 (708) 402-6075 -1,000,000 ($67,625,000) COMMON STOCK. (FILE 333-23309 - MAR. 14) (BR 1)

S-8 CANMAX INC IWY/, 150 W CARPENTER FREEWAY, IRVING, TX 75039 (214) 541-1600 - 1,200,000 ($2,400,000) COMMON STOCK. (FILE 333-23313 -MAR. 14) (BR. 3)

S-8 INTERNATIONAL BUSINESS MACHINES CORP, ONE OLD ORCHARD 10504 (914) 765-1900 - 300,000,000 ($300,OOO,OOO) COMMON 333-23315 - MAR. 14) (BR 3)

S-3 ORYX TECHNOLOGY CORP, 47341 BAYSIDE PARKWAY, FREMONT,

RD, ARMONK, NYSTOCK. (FILE

CA 94538 (510) 249-1144 - 2,283,669 ($5,183,908) COMMON STOCK. (FILE 333-23317 -MAR. 14) (BR. 9)

S-l ASCENT PEDIATRICS INC, 187 BALLARDVALE ST, WILMINGTON, MA 01887 (508) 658-2500 - 2,300,000 ($29,900,000) COMMON STOCK. (FILE 333-23319 -MAR. 14) (BR 1)

S-3 THORNBURG MORTGAGE ASSET CORP, 119 E MARCY ST STE 201, SANTA FE, NM 87501 (505) 989-1900 - 1,000,000 ($22,750,000) COMMON STOCK. (FILE333-23323 - MAR 14) (BR. 8)

S-l NXTREND TECHNOLOGY INC, 5225 NORTH ACADEMY BLVD, STE 200, COLORADO SPRINGS, CO 80918 (719) 590-8940 - 4,945,000 ($69,230,000)COMMON STOCK (FILE 333-23325 - MAR. 14) (NEW ISSUE)

S-3 PENNEY J C CO INC, 6501 LEGACY DR, PLANO, TX 75024 (214) 431-1000 -2,600,000,000 ($2,600,000,000) WARRANTS, OPTIONS OR RIGHTS. (FILE333-23339 - MAR

S-8 ENVIRONMENTAL NORTHJERICHO, NY (FILE 333-23341

14) (BR. 2)

REMEDIATION HOLDING CORP, 420 JERICHO PARKWAY, STE 321, 11753 (516) 433-4730 - 500,000 ($625,000) COMMON STOCK.

- MAR 14) (BR 5)

S-l TOTAL ENTERTAINMENT & RESTAURANT CORP, 300 CRESCENT COURT BUILDING 300, SUITE 850, DALLAS, TX 75201 (214) 754-0414 - 2,300,000 ($25,300,OOO)COMMON STOCK. (FILE 333-23343 - MAR. 14) (NEW ISSUE)

S-8 GALILEO ELECTRO OPTICS CORP, GALILEO PARK, PO BOX 550, STURBRIDGE, MA 01566 (508) 347-9191 - 100,000 ($681,250) COMMON STOCK (FILE 333-23345 -MAR 14) (BR. 1)

S-8 GALILEO ELECTRO OPTICS CORP, GALlLEO PARK, PO BOX 550, STURBRIDGE, MA 01566 (508) 347-9191 - 200,000 ($1,362,500) COMMON STOCK. (FILE 333-23347 - MAR. 14) (BR. 1)

S-4 FISERV INC, 255 FISERV DR, PO BOX 979, BROOKFIELD, WI 53045 (414) 879-5000 - 6,530,850 ($218,783,475) COMMON STOCK. (FILE 333-23349 -MAR. 14) (BR. 3)

S-8 FLOWERS INDUSTRIES INC lGA, US HWY 19, POBOX 1338, THOMASVILLE, GA 31792 (912) 226-9110 - 1,000,000 ($23,940,000) COMMON STOCK. (FILE333-23351 - MAR. 14) (BR. 2)

S-8 WAVETECH INC, 5210 E WILLIAMS CIRCLE, STE 200, TUCSON, AR 85711 (520) 750-9093 - 4,600,000 ($3,105,000) COMMON STOCK. (FILE 333-23353 -MAR. 14) (BR. 3)

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S-3 OFFSHORE LOGISTICS INC, 224 RUE DE JEAN, PO BOX 5C, LAFAYETTE, LA 70505 (318) 233-1221 - 98,000,000 ($98,000,000) CONVERTIBLE DEBENTURES AND NOTES. (FILE 333-23355 - MAR. 14) (BR. 5)

S-8 MICRO THERAPEUTICS INC, 1062 CALLE NEGOCIO #F, SAN CLEMENTE, CA 92673 (714) 361-0616 - 100,000 ($616,250) COMMON STOCK (FILE 333-23361 -MAR 14) (BR 9)

SB-2 VERSUS TECHNOLOGY INC, 2600 MILLER CREEK, TRAVERSE CITY, MI 49684 (616) -94-6-58 - 21,194,076 ($13,912,851) COMMON STOCK. (FILE 333-23363 -MAR. 14) (BR. 3)

S-8 MICRO THERAPEUTICS INC, 1062 CALL~ NEGOCIO #F, SAN CLEMENTE, CA 92673 (714) 361-0616 - 1,250,000 ($5,595,868) COMMON STOCK (FILE 333-23367 -MAR 14) (BR 9)

SB-2 NOTIFY CORP, 1054 SOUTH DE ANZA BLVD., STE lOS, SAN JOSE, CA 95129 (408) 777-7927 - 1,750,000 ($8,890,000) STRAIGHT BONDS. 6,100,000 ($48,481,250) COMMON STOCK (FILE 333-23369 - MAR. 14) (NEW ISSUE)

S-8 EASTMAN KODAK CO, 343 STATE ST, ROCHESTER, NY 14650 (716) 724-4000 -4,000,000 ($362,000,000) COMMON STOCK (FILE 333-23371 - MAR. 14) (BR. 5)

S-8 GETTY PETROLEUM CORP, 125 JERICHO TURNPIKE, JERICHO, NY 11753 (516) 338-6000 - 250,000 ($4,492,675) COMMON STOCK. (FILE 333-23373 -MAR 14) (BR. 4)

S-8 GETTY PETROLEUM MARKETING INC, 125 JERICHO TURNPIKE, JERICHO, NY 11753 (516) 338-6000 - 2,000,000 ($694,000) COMMON STOCK (FILE 333-23375 -MAR 14) (BR 4)

S-4 NEXTLINK COMMUNICATIONS LLC, 155 108TH AVE N E, 8TH FLOOR, BELLEVUE, WA 98004 (206) 519-8900 - 11,341,797 ($274,OOO,OOO)CONVERTIBLE DEBENTURES AND NOTES. (FILE 333-23377 - MAR. 14) (BR. 3)

S-8 GETTY PETROLEUM MARKETING INC, 125 JERICHO TURNPIKE, JERICHO, NY 11753 (516) 338-6000 - 1,300,000 ($4,511,OOO) COMMON STOCK (FILE 333-23379 -MAR 14) (BR 4)

S-8 CELLSTAR CORP, 1730 BRIERCROFT DR, CARROLLTON, TX 75006 (214) 466-5000 - 1,550,000 ($37,103,125) COMMON STOCK (FILE 333-23381 - MAR 14)(BR. 6)

S-3 JONES MEDICAL INDUSTRIES INC /DE/, P.O BOX 46903, 1945 CRAIG RD, ST LOUIS, MO 63146 (314) 576-6100 - 291,250 (S8,l18,563 75) COMMON STOCK. (FILE 333-23383 - MAR 14) (BR. 1)

S-3 SYMIX SYSTEMS INC, 2800 CORPORATE EXCHANGE DR, COLUMBUS, OH 43231 (614) 523-7000 - 125,000 ($1,304,688) COMMON STOCK (FILE 333-23385 -MAR 14) (BR 3)

S-3 IMH ASSETS CORP, 20371 IRVINE AVENUE, SANTA ANA HEIGHTS, CA 92707 (714) 556-0122 - 500,000,000 ($500,000,000) STRAIGHT BONDS. (FILE333-23387 - MAR 14) (BR 8)

S-4 PROGENITOR INC, 1507 CHAMBERS RD, COLUMBUS, OH 43212 (614) 488-6688 -3,700,000 ($4,078) COMMON STOCK. (FILE 333-23389 - MAR. 14) (BR. 1)

$-3 TMBR SHARP DRILLING INC, 4607 W INDUSTRIAL, MIDLAND, TX 79703 (915) 699-5050 - 725,000 ($9,062,500) COMMON STOCK. (FILE 333-23391 -MAR. 14) (BR. 4)

S-8 PUGET SOUND ENERGY INC, 411 108TH AVE NE, BELLEVUE, WA 98004 (206) 454-6363 - 700,000 (S17,850,OOO) COMMON STOCK: (FILE 333-23393 -MAR 14) (BR. 4)

8B-2 FIRSTBANK CORP/ID, 920 MAIN ST, LEWISTON, ID 83501 (208) 746-9610 -1,983,750 ($19,837,500) COMMON STOCK (FILE 333-23395 - MAR. 14) (BR. 1- NEW ISSUE)

S-4 BANPONCE CORP, 209 MUNOZ RIVERA AVE, POPULAR CENTER BUILDING, HATO REY,PR 00918 (809) 765-9800 - 1,960,800 ($33,246,510) COMMON STOCK. (FILE333-23397 - MAR. 14) (BR. 7)

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S-1 KNOLL INC, 1235 WATER ST, EAST GREENVILLE, PA 18041 (215) 679-7991 -$184,000,000 COMMON STOCK (FILE 333-23399 - MAR 14) (BR. 6)

S-1 800 JR CIGAR INC, 301 ROUTE 10 EAST, WHIPPANY, NJ 07981 (201) 884-9555- 3,450,000 ($55,200,000) COMMON STOCK (FILE 333-23401 - MAR. 14)(NEW ISSUE)

S-3 OMNI MULTIMEDIA GROUP INC, SO HOWE AVE, MILLBURY, MA 01527 (508) 865-4451 - 877,500 ($1,368,900) COMMON STOCK. (FILE 333-23403 -MAR 14) (BR. 9)

S-3 METLIFE CAPITAL FUNDING CORP III, 15915 KATY FREEWAY, STE ISO, HOUSTON,TX 77094 (713) 398-8881 - 1,000,000 ($1,000,000) STRAIGHT BONDS. (FILE333-23405 - MAR. 14) (NEW ISSUE)

S-l AURORA BIOSCIENCES CORP, 11149 N TORREY PINES RD, LA JOLLA, CA 92037 (619) 425-5000 - 3,450,000 ($37,950,000) COMMON STOCK. (FILE 333-23407 -MAR 14)

S-3 PHYSICIAN SALES & SERVICE INC /FL/, 7800 BELFORT PKWY, STE 250,JACKSONVILLE, FL 32256 (904) 296-1406 - 215,840 ($3,237,600) COMMON STOCK.(FILE 333-23411 - MAR. 14) (BR 1)

S-1 INVISION TECHNOLOGIES INC, 3420 E THIRD AVE, FOSTER CITY, CA 94404 (415) 578-1930 - 3,593,750 ($57,500,000) COMMON STOCK (FILE 333-23413 -MAR 14) (BR 1)

5-3 REPUBLIC INDUSTRIES INC, 450 E LAS OLAS BLVD, STE 1200, FT LAUDERDALE,FL 33301 (305) 761-8333 - 39,052,575 ($1,381,484,840.63) COMMON STOCK.(FILE 333-23415 - MAR 14) (BR. 4)

S8-2 GLENGATE APPAREL INC, 207 SHEFFIELD STREET, MOUNTAINSIDE, NJ 07092 (908) 518-0006 - 1,250,000 ($1,171,875) COMMON STOCK. (FILE 333-23417 -MAR 14) (BR. 9)

S-l IRIDIUM WORLD COMMUNICATIONS LTD, 1401 H STREET N W, WASHINGTON, DC20006 (20~) 326-5600 - 11,500,000 ($241,500,000) COMMON STOCK (FILE333-23419 - MAR 17) (NEW ISSUE)

S-l CHENIERE ENERGY INC, TWO ALLEN CENTER, 1200 SMITH SUITE 1710, HOUSTON,TX 77002 «71) 3)6-59-1 - 839,639 ($3,795,588.10) COMMON STOCK. (FILE333-23421 - MAR 17) (BR 4)

RECENT 8K FILINGS

Form 8-K ~s used by compan~es to f~le current reports on the follow~n9 events:

Item 1 Changes ~n Control of Reg~strant.

Item 2 Acqu~s~t~on or D~spos~t~on of Assets.

Item 3. Bankruptcy or Rece1vership.

Item 4. Changes 1n Reg1strant's CertifY1ng Accountant.

Item 5 Other Materially Important Events.

Item 6 Res~gnat~ons of Reg~strant's Directors.

Item 7. F1nancial Statements and Exh1bits.

Item 8 Change ~n F1scal Year.

Item 9. Regulat10n S Offerings

The follow1ng compan1es have f1led 8-K reports for the date 1nd1cated and/or amendments to 8-K reports prev10usly

f1led, respond~ng to the 1tem(s) of the form spec1f1ed. Cop1es of the reports may be purchased from the Comm1SS10n's Publ~c Reference Room (when order~ng, please g1ve the date of the report). An 1nV01ce W11l be included w1th the

requested materlal when mailed

NEWS DIGEST, March 21, 1997 8

Page 9: SEC NEWS DIGESTMichael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent judgment against Markowski permanently enjoining him from future violations of Section

----------------------------------------------------------------------------------------STATE 81C ITBM 110_

NAME OF IsstlBR CODE 1 2345678 9 DATE CCHmIIIT

AAMES CAPITAL ACCEPTANCE CORP DE X 03/18/97

AAMES CAPITAL ACCEPTANCE CORP DE X 03/18/97

AAMES CAPITAL ACCEPTANCE CORP DE X X 03/18/97

AAMES CAPITAL CORP CA X 03/18/97

AAMES CAPITAL CORP CA X X 03/18/97

ACME UNITED CORP CT X 03/03/97

AHMANSON H F & CO /DE/ DE X 03/19/97AHMANSON H F & CO /DE/ DE X X 03/19/97

ALPHA HOSPITALITY CORP DE X 03/12/97

AMERICAN TELECASTING INC/DE/ DE X 03/18/97

AMES DEPARTMENT STORES INC DE X 02/22/97

ANDOVER TOGS INC DE X X 03/07/97

AT&T UNIVERSAL FUNDING CORP DE X X 03/17/97AUTO ZONE INC NV X 03/18/97

AVALON COMMUNITY SERVICES INC NV X X 03/19/97 AMEND

AVITAR INC /DE/ DE X 03/05/97

BA MASTER CREDIT CARD TRUST / X 02/28/97

BAI<ER J INC MA X 03/20/97

BALL CORP IN X 03/08/97

BANGOR HYDRO ELECTRIC CO ME X 03/19/97

BEACON PROPERTIES CORP MD X 12/20/96 AMENDBIOFIELD CORP \DE\ DE X X 03/17/97

CARDINAL HEALTH INC OH X 03/18/97

CARGILL FINANCIAL SERVICES CORP DE X 11/18/96

CARGILL FINANCIAL SERVICES CORP DE X 11/18/96

CARGILL FINANCIAL SERVICES CORP DE X 12/18/96

CARGILL FINANCIAL SERVICES CORP DE X 12/18/96

CEC INDUSTRIES CORP NV X 03/12/97

CENTRAL ILLINOIS PUBLIC SERVICE CO IL X 03/20/97

CENTURY INDUSTRIES INC /DC/ DC X 03/20/97 AMEND

CHASE MANHATTAN CORP /DE/ DE X X 03/18/97

CHELSEA ATWATER INC /NV/ NV X X 01/27/97

CIPSCO INC IL X 03/20/97

CITATION COMPUTER SYSTEMS INC MO X X 03/05/97

CITICORP MORTGAGE SEC INC REMIC PAS X 02/21/97

S TH CITlCERT SERI 1997-1

COLONELS INTERNATIONAL INC MN X 03/20/97

COMMUNITY CAPITAL CORP /SC/ SC X X 02/28/97

CONCEPTRONIC INC / DE DE X X 03/05/97

CONSUMAT SYSTEMS INC VA X X 02/20/97

CONSUMER PORTFOLIO SERVICES INC CA X 12/31/96

CONTI SECURITIES ASSET FUNDING CORP DE X 02/03/97

COOPER COMPANIES INC DE X X 03/18/97

CORONADO INDUSTRIES INC NY X 03/13/97

CORPORATE VISION INC /OK CO X 02/15/97

CRAIG CONSUMER ELECTRONICS INC DE X 03/04/97

CRYOLIFE INC FL X 03/05/97

DAIMLER BENZ VEHICLE TRUST 1996-A DE X X 12/20/96

DAIMLER BENZ VEHICLE TRUST 1996-A DE X X 01/21/97

DAIMLER BENZ VEHICLE TRUST 1996-A DE X X 02/20/97

DOMINION RESOURCES INC IVAI VA X 01/10/97 AMEND

DUKE POWER CO /NC/ NC X X 03/10/97

ENSTAR INCOME PROGRAM IV-I LP GA X X 03/11/97

ENSTAR INCOME PROGRAM IV-2 LP GA X X 03/11/97

ENSTAR INCOME PROGRAM IV-3 L P GA X X 03/11/97

ENVIRODYNE INDUSTRIES INC DE X X 03/19/97

EQUITY RESIDENTIAL PROPERTIES TRUST MD X 03/19/97

EQUITY RESIDENTIAL PROPERTIES TRUST MD X 03/20/97

EQUIVANTAGE HOME EQUITY LOAN TRUST NY X 12/25/96

1996-3

FALCON BUILDING PRODUCTS INC DE X X 03/20/97

NEWS DIGEST, March 21, 1997 9

Page 10: SEC NEWS DIGESTMichael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent judgment against Markowski permanently enjoining him from future violations of Section

STATE

NAME OF ISSUER CODE

FIRST ALLIANCE MORTGAGE CO /DE/ DE

FIRST BANK SYSTEM INC DE

FIRST BANK SYSTEM INC DE

FIRST MUTUAL BANCORP INC DE

FIRST OMNI BANK NA

FIRST REPUBLIC BANCORP INC /DE/ PA

FIRST SECURITY AUTO GRANTOR TRUST 1 UT

995-A

FLORIDA PANTHERS HOLDINGS INC FL

FONIX CORP DE

FOREST OIL CORP NY

FOSSIL INC DE

FUQUA ENTERPRISES INC DE

GALILEO ELECTRO OPTICS CORP DE

GE CAPITAL MORT SER INC REMIC MULTI

CLA PA TH CERT SE 1997-2

GERMAN AMERICAN BANCORP IN

GFSB BANCORP INC DE

GLENBOROUGH REALTY TRUST INC MD

GOLD RIVER HOTEL & CASINO CORP DE

GRAPHIX ZONE INC /CA/ DE GREYHOUND LINES INC DE

GROSSMANS INC DE

GUINNESS TELLI-PHONE CORP NV

HA LO INDUSTRIES INC IL

HBO & CO DE

HEALTH & RETIREMENT PROPERTIES TRUS MD

T

HEARTLAND FINANCIAL USA INC DE

HOME HEALTH CORP OF AMERICA INC \PA PA

\ IBM CREDIT RECEIVABLES INC DE

IBM CREDIT RECEIVABLES LEASE ASSET DE

MASTER TRUST

IMC HOME EQUITY LOAN TRUST 1997-1

IMMUNOGEN INC MA

INSILCO CORP/DEI DE

INTERMEDIA COMMUNICATIONS OF FLORID DE

A INC

INTERNATIONAL FAST FOOD CORP FL

JUST LIKE HOME INC FL

KLAMATH FIRST BANCORP INC OR

LANDMARK INTERNATIONAL INC NV

LEHMAN ABS CORP DE

LG&E ENERGY CORP KY

LONE STAR INTERNATIONAL ENERGY INC NV

LONG ISLAND LIGHTING CO NY

MATTEL INC /DE/ DE

MATTEL INC /DE/ DE

MELLON BANK CORP PA

MERRILL LYNCH MORTGAGE INVESTORS IN DE

C

MID AMERICA APARTMENT COMMUNITIES I TN

NC

MILLS CORP DE MINNESOTA POWER & LIGHT CO MN

MLCC MORTGAGE INVESTORS INC DE

MLCC MORTGAGE INVESTORS INC DE

MOBILEMEDIA COMMUNICATIONS INC DE

MOBILEMEDIA CORP DE

8K ITBM I!IO. 1 2 3 4 5 6 7 8 9 DATE CCMIEI!IT

X 03/14/97

X X 03/19/97

X

X X

X 03/19/97

01/03/97 AMEND X 03/17/97

X 03/04/97

X 02/28/97

X X 03/04/97

X 03/13/97

X X X 02/07/97

X X 03/13/97

04/03/96 AMEND X X 03/12/97

X X 02/24/97

x 03/04/97 AMEND

X X 03/12/97

x X 03/19/97

x 02/28/97

X

X

X X

03/05/97

03/17/97

X 03/19/97

X 03/12/97

X 01/03/97 AMEND

X X 03/19/97

X 03/20/97

X 03/19/97

X X 01/10/97 AMEND

x X 03/15/97

X X 03/15/97

x X 02/25/97

X 03/18/97

X X 03/05/97

X X 03/14/97

x X 03/05/97

x X 03/18/97

X 03/19/97

X X 01/14/97 AMEND

x X 03/18/97

X X 03/20/97

X X 01/30/97

x X X X 03/19/97

X X 03/19/97

X X 03/20/97

X X '03/17 /97

X X 02/20/97

X X 03/19/97

X 03/12/97

X 03/19/96

X X 03/17/97

X X 03/19/97

X 03/19/97

X 03/19/97

10 NEWS DIGEST, March 21, 1997

Page 11: SEC NEWS DIGESTMichael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent judgment against Markowski permanently enjoining him from future violations of Section

----------------------------------------------------------------------------------------STATE 8K ITEM NO.

lIlIMB OF ISSOBR <DDB 1 2345678 9 DATE CCMmIIT

MONEY STORE AUTO TRUST 1996-1 NJ X X 03/18/97MONEY STORE AUTO TRUST 1996-1 NJ X 03/19/97

MONEY STORE D C INC DC X X 03/18/97MONEY STORE HOME EQUITY CORP KY X X 03/18/97

MONEY STORE INC /NJ NJ X X 03/18/97MONEY STORE INC /NJ NJ X 03/19/97

MONEY STORE KENTUCKY INC KY X X 03/18/97MONEY STORE MINNESOTA INC MN X X 03/18/97

NACO INDUSTRIES INC UT X 03/05/97

NATIONAL EDUCATION CORP DE X X 03/12/97

NAVARRE CORP /MN/ MN X 03/19/97

NET TELECOMMUNICATIONS INC NV X X 08/24/96 AMEND

NEW PARADIGM SOFTWARE CORP NY X X 03/19/97

NEWGOLD INC DE X X X X 03/12/97

NEWMONT GOLD CO DE X X 03/19/97

NEWMONT MINING CORP DE X X 03/19/97

NTN COMMUNICATIONS INC DE X X 03/05/97

PALL CORP NY X 03/19/97

PANENERGY CORP DE X X 03/10/97

PAPERCLIP IMAGING SOFTWARE INC/DE DE X X 03/11/97

PENNFIRST BANCORP INC PA X X 03/19/97PORTER MCLEOD NATIONAL RETAIL INC DE X 02/03/97

POTASH CORPORATION OF SASKATCHEWAN X X 03/06/97

INC

PREMIERE RADIO NETWORKS INC CA X X 01/24/97

PRINCETON MEDIA GROUP INC A6 X X 03/05/97

PROPERTY RESOURCES EQUITY TRUST CA X X X 04/04/97

QUEEN SAND RESOURCES INC DE X X 03/19/97

REGENCY REALTY CORP FL X 03/07/97 AMEND

RELIABILITY INC TX X 03/11/97

RENAISSANCERE HOLDINGS LTD X X 03/07/97

RES CARE INC /KY/ KY X 03/19/97

RESPONSE USA INC DE X 03/12/97

ROBERTS PHARMACEUTICAL CORP NJ X 03/17/97

RURAL ELECTRIC COOPERATIVE GRANTOR NY X 03/17/97

TRUST SOYLAND 1993 Bl

RURAL ELECTRIC COOPERATIVE GRANTOR NY X 03/17/97

TRUST SOYLAND 1993 B2

SALOMON BROS MORT SEC VII INC AST B NY X 02/25/97

K FL RTE CER SE 1997-LBl

SHOWBIZ PIZZA TIME INC KS X 01/03/97 AMEND

SIGNET STUDENT LOAN TRUSTS VA X X 12/19/96

SOUTHERN PACIFIC SECURED ASSETS COR NY X 02/25/97

P SERIES 1996-4

STERLING FINANCIAL CORP /PA/ PA X 03/19/97

STRUCTURED ASSET SEC CORP MORT PASS NY X 02/18/97

THRO CERT SER 1997-01 TR

STRUCTURED ASSET SECURITIES CORP SE NY X 02/25/97

RIES 1996-5SYLVAN LEARNING SYSTEMS INC MD X X 03/12/97

TCSI CORP NV X 03/10/97

TEMPLATE SOFTWARE INC VA X 03/04/97

TEXACO INC DE X X 03/18/97

TIREX AMERICA INC DE X X 03/07/97

TMS MORTGAGE INC NJ X X 03/18/97

TUBOSCOPE VETCO INTERNATIONAL CORP DE X X 03/07/97

U S ENVIRONMENTAL INC DE X 02/20/97

UNISON HEALTHCARE CORP DE X 03/19/97

UROMED CORP MA X X 02/20/97

US AIRWAYS GROUP INC DE X X 03/20/97

US AIRWAYS INC DE X X 03/20/97

NEWS DIGEST, March 21, 1997 l.l

Page 12: SEC NEWS DIGESTMichael J. Markowski and Joseph Riccio, 95 Civ. 6931 (KTD), entered a final consent judgment against Markowski permanently enjoining him from future violations of Section

STATE 8K ITBM RO.

!DIME OF ISSURR CODB 123 4 5 6 7 8 9

US INDUSTRIES INC DE X X 06/01/95

US INDUSTRIES INC DE X X 01/02/96

US WATS INC NY X 03/14/97USBANCORP INC /PA/ PA X 03/19/97

VIMRX PHARMACEUTICALS INC DE X 03/10/97 AMEND

VITAL SIGNS INC NJ X X 03/14/97

WESTIN HOTELS LTD PARTNERSHIP DE X X 03/12/97XAVIER CORP X 03/04/97

7TH LEVEL INC DE X 03/18/97

12 NEWS DIGEST, March 21, 1997